The USDCHF pair fluctuates around the minor support line 0.9020, noticing that the EMA50 forms good support that protects the price from achieving more decline, to keep the bullish trend scenario active for the upcoming period, which targets testing 0.9066 initially.

We remind you that breaching the mentioned level will push the price to achieve new gains that reach 0.9125 followed by 0.9225, while holding above 0.8968 represents key condition to the continuation of the expected rise.

The expected trading range for today is between 0.8970 support and 0.9100 resistance.

The expected trend for today: Bullish

The NZDUSD pair settles below 0.5900 level, waiting to resume the bearish wave that targets 0.5850 followed by 0.5800 levels as next main stations.

Stochastic begins to lose the positive momentum to support the expectations to decline, reminding you that it is important to hold below 0.5900 to continue the suggested negative scenario.

The expected trading range for today is between 0.5835 support and 0.5930 resistance

The expected trend for today: Bearish

The AUDUSD pair managed to achieve our first negative target at 0.6340 and settles near it, noticing that stochastic lose its positive momentum clearly, to support the chances of resuming the negative trades to head towards achieving additional negative targets that start at 0.6290 and extend to 0.6170 after surpassing the previous level.

Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 0.6400 and hold above it.

The expected trading range for today is between 0.6300 support and 0.6400 resistance

The expected trend for today: Bearish

Brent oil price continued to rise in the previous sessions to approach 83.00 barrier, and by taking a deeper look at the chart, we find that the recent trades are confined within minor bullish channel that we believe it forms bearish flag pattern, as the price is testing this pattern’s support line now, thus, breaking the current support will activate the negative effect of the mentioned pattern and push the price to resume the correctional bearish trend, to head towards visiting 77.44 areas on the near-term basis.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negativity of the technical indicators, taking into consideration that the consolidation of 81.00 level against the current negative pressure will stop the negative scenario and lead the price to recover again.

The expected trading range for today is between 79.40 support and 82.40 resistance.

The expected trend for today: Bearish